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  • #321
  • Jun 5, 2015 3:03pm Jun 5, 2015 3:03pm
GBPAUD giving very strong bearish signals at important resistance area. I interpret this as a good opportunity to enter a short position.

The entry signal is not ready yet, still these signals are sufficient.

The last arrow have been marked before the close of the candle, as it currently has bearish divergence.

Shorting GBPAUD gives a positive swap. There is no cost of holding this over the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.jpg Size: 249 KB
Do not let the cost of being wrong, exceed the prize of beeing right
  • #322
  • Jun 5, 2015 5:05pm Jun 5, 2015 5:05pm
What is your taking profit level for this one?
Thanks
- Marc

Quoting Decima
GBPAUD giving very strong bearish signals at important resistance area. I interpret this as a good opportunity to enter a short position. The entry signal is not ready yet, still these signals are sufficient. The last arrow have been marked before the close of the candle, as it currently has bearish divergence. Shorting GBPAUD gives a positive swap. There is no cost of holding this over the weekend. {image}
  • #323
  • Jun 6, 2015 1:49am Jun 6, 2015 1:49am
Quoting marcb
What is your taking profit level for this one? Thanks - Marc {quote}
With this position i geared up slightly, to be able to take profit at target R:R 1:3 (1.96650) and still be able to be in the trade.

The plan with the trade if it goes as I believe, is to close half the trade at R:R 1:3. Then setting the stop to BE for the reminding position. If R:R 1:5 (1.94300) is reached I will considering taking profits. Alternatively and maybe a better choiche is to to then set the stop at the R:R 1:3 securing a new decent profit and still giving price room to breathe. Ultimatetly R:R 1:8 is at the 1.90600 level.

If you are to paying any attention to an old trendline, then R:R 1:4 is the maximum acchieveable on this trade. The trendline has been slightly broken once, still seems to be respected by price.

One other as important aspect is when to BE with your stop. This pair can move alot in a short period of time. Still looking at earlier PA, I wouldn`t BE before R:R 1:3 is reached.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #324
  • Jun 6, 2015 10:39pm Jun 6, 2015 10:39pm
Quoting Decima
GBPAUD giving very strong bearish signals at important resistance area. I interpret this as a good opportunity to enter a short position. The entry signal is not ready yet, still these signals are sufficient. The last arrow have been marked before the close of the candle, as it currently has bearish divergence. Shorting GBPAUD gives a positive swap. There is no cost of holding this over the weekend. {image}
Yeah GBPAUD is hitting the 2.0000 level, we need a solid signal to tell how the level is holding up. Sure, there is a bearish divergence on the 4H chart, but the last 250 pips rally should NOT be overlooked either.

Conclusion is, I wouldn't jump the gun till there is a confirm pattern on the 2.0000 level if I am planning to hold it for couple days.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-06_20-02-32.jpg Size: 358 KB


Hold it or break it, next week for sure, we will see what happens.
Attached Image
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #325
  • Jun 7, 2015 2:38am Jun 7, 2015 2:38am
Yeah, it is an interesting week ahead of us. Might be movement.

I have four signals that I look for when entering a position: 1) Daily Divergence (Last 24h on the 4h chart), 2) Divergence peaks/bottoms (I compare price/consensus from comparable levels), 3) Where is price on the chart (Support/Resistance/MA/Trend) and 4) Entry signal.

If signals are strong at support or resistance areas, I will take positon even without the entry signal. As it is always lagging compared to the others. For this chart everything is pointing downwards for me. Still as always, I might be wrong. This is forex trading with risk involved.

I put up the correct fundamentals for the week. I suspect Fx Say What was enjoying his Saturday when putting up the fundamentals

Have a nice trading week ahead.

Attached Image (click to enlarge)
Click to Enlarge Name: fundamentals.jpg Size: 122 KB
Do not let the cost of being wrong, exceed the prize of beeing right
  • #326
  • Jun 8, 2015 6:57am Jun 8, 2015 6:57am
Closed GBPAUD. I believe it will test the resistance again. Securing profits. Awaiting future signals.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #327
  • Jun 8, 2015 5:56pm Jun 8, 2015 5:56pm
Quoting Decima
Closed GBPAUD. I believe it will test the resistance again. Securing profits. Awaiting future signals.
Good call.
For now, looks like we have 2.000 on top and 1.9900 at bottom.
Big moves are not likely to occur on Sunday afternoon.

Good luck.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #328
  • Jun 9, 2015 2:12am Jun 9, 2015 2:12am
Trading idea: Long GBPJPY from current price levels. Buy limit at 190.70 might be ideal entry.

Important fundamentals coming in under two hours from England. Can lead to movement, it also increases the risk.

This trade might be considered to be risky.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #329
  • Jun 9, 2015 2:24am Jun 9, 2015 2:24am
As for now I maintain the outlook for a bullish move. Still, be careful with your entries. I hope that 190.50 area provides support or one of my stop losses will be hit.

Around 189.75 will be the next area to enter.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #330
  • Jun 9, 2015 3:11am Jun 9, 2015 3:11am
Hello all,

I love to scalp GJ; simple PA with just a couple of indy's. RS
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-09 17_02_50-5000495_ FXOpenUK-ECN Live Server - [GBPJPY,H1].png Size: 36 KB
  • #331
  • Jun 9, 2015 3:46am Jun 9, 2015 3:46am
One stop loss hit, the other closed manually.

That`s the game of forex. I was wrong. I am already finished with it. No hard feelings attached to it.

The future will bring new trades. Some winners some loosers.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #332
  • Jun 9, 2015 5:40am Jun 9, 2015 5:40am
Will GBPAUD finally going to break the 1.9900 level today?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-09_3-35-12.jpg Size: 99 KB
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #333
  • Jun 10, 2015 11:53pm Jun 10, 2015 11:53pm
GBPNZD went off 500 pips in 5 minutes after NZD called the rate cut today.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-10_21-50-31.jpg Size: 92 KB


I am just hope nobody was holding short before the action...
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #334
  • Jun 11, 2015 1:53am Jun 11, 2015 1:53am
Quoting FXSayWhat
GBPNZD went off 500 pips in 5 minutes after NZD called the rate cut today. {image} I am just hope nobody was holding short before the action...
I did open short yesterday, then closed it during US open.
Thank God I closed it beforehand.
  • #335
  • Jun 11, 2015 9:10am Jun 11, 2015 9:10am
Short GN at 2.21084
  • #336
  • Jun 11, 2015 9:51am Jun 11, 2015 9:51am
Quoting Idkurv
Short GN at 2.21084
GN add short at 2.217sh
  • #337
  • Jun 11, 2015 11:47am Jun 11, 2015 11:47am
Short GJ, TP 189.5 and 188.
will see.
  • #338
  • Jun 11, 2015 11:49am Jun 11, 2015 11:49am
Short GA, TP 1.9900.
will see.
  • #339
  • Jun 18, 2015 9:18pm Jun 18, 2015 9:18pm
Grabbed a quick one today on GBPAUD.
https://www.youtube.com/watch?v=Q-yxVyd_l6c

Cheers.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #340
  • Sep 3, 2015 7:06am Sep 3, 2015 7:06am
GBPAUD ranging from 2.17 and 2.1850.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-09-03_5-04-09.jpg Size: 94 KB


Short opportunity presents as price approaching the 2.1850 again.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
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